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In a market update, directors said the key substation was due to be completed by the end of the year, marking a significant step towards evacuating power into the national grid. Lesedi is Tlou’s most advanced project, with the project targeting the...

In the April edition of its World Economic Outlook (WEO), the IMF had projected 3.6 percent growth for Botswana in 2024, whilst government at the time of the February budget speech, expected a 4.2 percent expansion.In a September update, after...

The October 25 auction is the fourth monthly auction in a row at which the Bank of Botswana, as government’s banker, has missed the debt targets it sought to raise from the capital market.The BoB conducts monthly auctions of short-term treasury...

In a statement, the union said it was committed to working with the new administration and Parliament on poverty eradication, economic recovery, trade and investment, and respect and fulfilment of workers’ rights in the mining industry. The...

The Finance Ministry’s website, the go-to source fiscal data, has been quiet this year. While traditionally, the release of data sets from the Ministry is a notoriously slow affair, this financial year, reports suggest that the challenges in the...

At present, the country’s sole gold mine is Mupane where work has been suspended since March due to financial constraints. North Arrow last week announced that it had successfully raised $2.2 million as part of earning a 60% equity interest in the...

Earlier in the year, President Mokgweetsi Masisi and the ruling party seemed headed for an untroubled second term, with a popular suite of policies and the record P102 billion budget anchoring the president’s campaign.However, by mid-year, the...

Duncan Wanblad, the CEO of Anglo American which holds 85% equity in De Beers, said assessment of the situation was continuing to guide any further production decisions.“As previously announced, we reduced rough diamond production from De Beers in...

From January 2025, the country of origin will be expanded to rough diamonds above one carat in size.The announcement this week comes as De Beers and the natural diamond industry mount a festive season marketing campaign that is crucial to a...

According to figures released by Statistics Botswana, Maun International Airport, which is the primary gateway to the country’s tourism heartland, saw a 66% increase in passenger volumes, while the other tourism airport, Kasane International,...

Under government’s domestic note issuance programme, the BoB floats bonds and Treasury Bills each month to raise debt for government in the capital market. The programme’s ceiling was raised to P55 billion earlier this year after the previous P30...

The BSE’s last Initial Public Offer (IPO) was in 2017 whilst the last listing was in 2018, a performance the exchange has been fighting to turn around over the years through various initiatives.In an update for the year to September 30, BSE...

Researchers at the International Monetary Fund (IMF) recently published a 20-page report detailing the urgency and benefits of transforming the Pula Fund into a Sovereign Wealth Fund (SWF) and weighing the various ways government could do...

The lower inflation was also helped by base effects as the September fuel price reduction was set against an increase in the same month last year which averaged P1.94, one of the steepest adjustments last year. The decrease this year and the increase...

Stanbic Bank Botswana CEO, Chose Modise, said there was a need for “more and better” collaboration between the various private sector players in the economy to realise the diversified growth that the country requires going forward. He was...